Trinidad and Tobago ranks among the top twelve countries for foreign direct investment. As an economy, its evolution can be attributed to sound macro economic fundamentals, its stable political environment and its solid democratic history.
It has been more than 15 years since trade restrictions were lifted and since that period successive governments have implemented significant reforms to make Trinidad and Tobago more investment friendly. These have included: lowering of import tariffs, the removal of restrictions on capital and current transactions and the elimination of bureaucratic obstacles which once made setting up business onerous.
The country boasts a slate of incentives specifically geared to making investment in the tourism sector all that more lucrative. This is coupled by a low rate of corporate income tax as well as Double Taxation Treaties with all the major investor countries.
It also helps that Trinidad and Tobago is one of the centres of business and finance in the region that is built on a sophisticated legal and constitutional framework.